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FOX Business
Nov 23, 2012 10:00pm EST
? fewer still want to be loved with all the deficit. lou: it's going to have to mean cutting the federal budget.the x >> even if we increase the taxr, rates, as you noted, the top 1%y in this country, 17% of the 37 income is what they make. they pay 7% 37% of the taxes.oug lou: give us your last thought here.ith the >> mr. president, please, please we work with the businessyou' putti community. we want you to succeed. but you are puttingy animpedims in a way to make it impossible. we want you to succeed. work with us. >> i don't expect the republicans to love our budget. compromise is hard. we are going to have to compromise. lou: no spending cuts, what is the deal? that is tonight's "chalk talk" people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i wasaving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera sh
FOX Business
Nov 24, 2012 10:00am EST
of that up, you are still going to be left with a huge hole called the deficit and it will have to mean cutting the federal budget. >> so, even if we increase the tax rates, as you noted, by the way, the top 1% in this country makes 17% of the income, and pay 37% of the taxes. i mean, so, the fair share argument really isn't -- >> up against a hard out here, and i'm going to ask you to give us your last thought here. >> mr. president, please, please, work with the business community. we want you to succeed. but, you are putting impediments in our way that make it impossible. we want you to succeed, we want to succeed. work with us. please work with us. >> andy puzder, thanks for being with us. european nations on the wrong side of the fiscal cliff but the president says america can steer clear. >> president barack obama: i believe it is solvable and my budget, frankly does it and i don't the republicans to adopt my budget, i recognize we have to compromise. compromise is hard. >> lou: more than a trillion-and-a-half dollars in tax hikes, no spending cuts. what is the deal? that is tonig
FOX Business
Nov 28, 2012 11:00am EST
player in the deficit talks. >> i am really worried we have a probability we could go over the cliff, and that would be catastrophic. not to go over the cliff, we have to compromise, have to have revenue. the problems are real, the solutions are painful, no easy way out. the only way you can do this ifs to have a balanced approach and that is where people are headed. connell: matt welch is here. what do you make of all this, matt? >> there is nobody at the table actually interested in cutting the size of the government. that seems strange to democrats who think we're living in some sort of mythical age of austerity. we had a really good shot. george w. bush used the hell out of spending four years. i don't think john boehner is ultimately interested in it. talkiig $110 billion, the smudge of potential cuts and they're negotiating it away without any entitlement. dagen: are we past the point with no return? will we become even more of a nation centered around our government that does not promote private business? will anybody ever fix this? >> we will fix it. everything is ultimately
FOX Business
Nov 23, 2012 7:00pm EST
with the deficit and that will mean cutting the federal budget. >> eventh if increase the taxe rates, the top 1% maken timbersf 17 percent of the incoming and a 37% of the taxes. lou: give us your lasthot thought. >> mr. president, pleaseplease mr. president, please, workbusi with the bneusiness community. b we want you to work with us i but you put impediments in our way. work with us. please work with us. lou: european nations on the wrong side of the fiscal cliff but the president says ameritech and steer clear. >> i recognize we have to compromise. >> $1.5 trillion of tax hikes but no spending cuts? hikes but no spending cuts? "chalk talk."omcu core of my portfolio. hikes but no spending cuts? "chalk talk."omcu what i really need is sleep. introducing the ishares core, building blocks for the heart of yr portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possibl
FOX Business
Nov 27, 2012 7:00pm EST
. let's face it. it's a revenue problem. by definition, a deficit exists because you spend too much, and the president who is the leader of the country, you know, claims that the problem can all be solved by adding more revenue, which seems to me, a fundamental problem because you can keep adding money to the problem, but if the growth grows at such an exponential rate, you don't stop it. nevermind the deficit, you'll never come close to tackling the debt if there's not leadership from the white house on this issue. >> reporter: steven, you covered the issues, and you have for a very long time with distinction. at some point, it seems we're on a carosel of complaints and empirical evidence that does not change and the argument does not change. that is, we have a trillion dollar problem in terms of the deficit, a $16 trillion problem in terms of the debt, and we've got two parties that for all the world are acting as though we think we got 300 million americans in the country too dumb to understand what they've got to do. the only people who don't seem to get it are the republicans a
FOX Business
Nov 21, 2012 12:00am EST
they will hurt the economy and it is not a serious deficit proposal. higher taxes the president proposes only pay for seven days or eight days of washington spending. economic growth, for example, returning to the revenue of 2009 will cut our deficit in half. so if you cuple that with real spending cuts, authentic spending cuts you really have us headed back toward a balanced budget. and if we focus on how we find a bipartisan way to solve the social security and medicare, that is a signal to investors that we have the right track. melissa: so if they came out and said they were willing to do something real to cut spending, especially wen you come to entitlements, would you be willing to then go back and revisit the idea of marginal rates? >> well, my thought still is if you raise taxes on the small businesses, you know, and on successful families you have actually drag the economy down. that does not help us close the deficit gap. may be politically of fun move for someone to hang their hat on, but the deficit and an economic stadpoint, it's just is not make sense. melissa: i absolutely hear wha
FOX Business
Nov 28, 2012 4:00pm EST
on growing our economy and reducing the deficit. we head to the white house after the break to get details. dave: could the fiscal cliff be a good thing? bill harris of personal capital and former ceo of into it and pay pal might think so. find out why when he joins us in studio. but d#: 1-800-345-2550 this morning, i'm going to tre in hong kong. tdd#: 1-800-345-2550 after that, it'sn to germany. tdd#: 1-800-345-2550 then0 miles away in japa tdd#: 1-800-345-2550 with the new obal account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in tal control becausi can trade tdtd: 1-800-345-2550 dictly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-25 their equity ratings show me how schwab td: 1-800-345-2550 rates ecific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis researc
FOX Business
Nov 25, 2012 1:00am EST
deficits and medicare, small enough it's somewhat of a side show. the idea that we're picking on themmen they're not getting the right deal, get out to the real world. >> eve. >> don't blame them, federal workers, this isn't their fault. yes, they're going to have give more. and in favor of union representation and union representation say hey, leave us alone, it's good for them, but overall, everybody's going to have to give, everybody. >> brenda: gary b. >> look, if it's the federal workers have it so bad, try to get a job in the federal sector, it's almost impossible these days, that's how bad it is >> brenda: but, jonas, there have been layoffs from the federal sectors as well. >> they haven't had as hard as states. states had to get their budgets going tighter before the federal government. the federal government nois only starting to address the workers so i think that the state workers are taking it harder than the federal workers and now the federal workers ve to join the misery of the state workers in tightening budgets. >> brenda: tough times for everybody, thanks, guys. most y
FOX Business
Nov 21, 2012 5:00pm EST
from this incredible deficit. melissa: i hear you and i agree with you, but that message, feels like by virtue of the last election the rest of the country is not agreeing with that. >> i think time will prove this is right. the president has to look at legacy, he is the worst president in all of american history if the economy continues on a crash course as it is right now. the real opportunity is just presenting itself for folks in the tea party where we can say cutting spending is the only answer. if you tax everybody that obama is talking about taxing, the most you could cut off the deficit is 5%, something insanely small. that will not do anything. the message has to be to cut spending and until that resonates with americans, have to realize the economy will keep declining. melissa: ho huggies is a spendig problem, not a revenue problem? >> the left is always going to try to appeal to the low information voter. so we have to take information, make it really simple, on complicated and communicated in a narrative that can be marketed to the masses of people. if you take the tax in
FOX Business
Nov 26, 2012 8:00pm EST
drug plan that a lot of these republicans voted for, not funded. you have a deficit thattic vides a trillion -- that exceeds a trillion dollars. i don't think any republicans will say what the hell let's just raise taxes because barack obama says so. neil: they are running with tails between leg. >> look at the electeds. >> look, bottom line, i don't like pledges of any kind, you have to be pragmatic in washington both sides, democrats should not make pledges either, they need to come to the table. neil: you don't have to worry, they will not. what is going on on the whole tax thing, and whole norquist thing? main were saying that -- today saying, that this is really about the imploying of grover norquist, he took afence to that in my interview earlier, but that is what is going on, probably more more than that, what do you say? >> first, i ca i have to addrest julie said, almost someone who lives inside of beltway could say that a pledge does not matter, this is a promise, they said while they serve in congress, not a short-term team, they made a promise, where i come from thee,
FOX Business
Nov 28, 2012 9:20am EST
it will reduce the deficit. not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding more meetings on the fiscal cliff instead of real talks with politicians who have to decide this thing. and going on the road and selling the campaign harry reid says no cuts, democrats have cut spending and entitlements already. >> remember, we've already done more and billion dollars worth of cuts and we've already done that and we need to get credit for at that and these negotiations that take place. >> and the president's position, no more cuts, we're talking about it all with this company. sandra smith is here, and charles payne and as always on the floor of the new york
FOX Business
Nov 26, 2012 11:00am EST
box and reduce the deficit, they spent it. he has no savings in his budget. he wants to count savings because he is not in iraq anymore. they threw him out. that is why he is not in iraq anymore. connell: we will obviously come back to this over and over again. grover norquist, thank you. dagen: we will stay on the topic of warren buffett and taxes. should the cut off the $500,000 not $250,000 as the president wants. would that ease some of the burden and pain of higher taxes? >> on one level it would, of course. raising that threshold from $250,000 to $500,000. the buffet idea maybe release a little bit of pain, but does nothing to address the extortions that he is talking about. huge distortions. 160,000 pages of distortions in the tax code. you were talking about a tiny, tiny improvement. i will take it, sure. we are getting distracted on this one. dagen: connell was talking about a minimum tax on the wealthy. he starts out $1 billion a year. 30%. a good idea in the abstract? then he starts talking about his brother in. those are multi billionaires, dude. >> i mean, i think these a
FOX Business
Nov 26, 2012 9:00pm EST
that i think the democratic governing model is broken. we see with the debt and deficit -- the democratic party cannot go on this way. it is also going to have to accommodate itself to the physical reality, and i think that there is a lot the mainstream media that is focusing on republicans and tax rates. and what does the president have to do about spending? he's never been seous about cutting the deficit. is he really going to leave office with a 20 trillion-dollar debt? cheryl: if you look at this poll, and this is actually going to surprise you, when voters were asked, if the fiscal cliff heads, who do yo blame? obama. of course. 29%. >> that as president obama effectively we using the soap box. then i say this. if this was a referendum on higher tax rates, was a ballet on obamacare? the public is opposed to obamacare. is the president going to put obamacare on the table for spending cuts? they do have some principles to fight for and i think it would be a waste if they can act and caved in on everything. i think that the government needs more revenue. because of the recession, gover
FOX Business
Nov 28, 2012 3:00pm EST
the country, of course the loss of the stimulus money when i came in we had a big deficit we had to overcome. having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought the risk might bring huge rewards? libya wants business in a huge way. we're not just talking about oil rigs and pipelines, but also massive infrastructure projects, roads, schools, you name it. part of the royal libyan family. he is back in his job is to sell libya on u.s. companies. find out what he thinks there is a big payoff for american businnss. a fox business exclusive. having you ship my gifts couldn't beasier. well, having a t olocations doesn't hurt. and a santa to boot! [ chuckles
FOX Business
Nov 26, 2012 1:00pm EST
plus dollars deficit. we need way more than these kind of things to fix this. we need to cut spending. that is what we need to do. this is the only way we will balance the budget. melissa: you make a point not everyone has made, just the impact of the stock market of what is going on. raising taxes on investment doesn't even hurt as much as just how much government spending is going on. >> i will try. this is the heart of economics. call it the cloud or the smart phone or the tablet, those technologies to throw out productivity efficiency. and the games society makes from these technologies, we get reinvested, sort of the savings we had from using a tractor on the farm, so the price of food goes down, the resources get redirected into something new like inventing an automobile, if the government steps in and spends that money, takes it away, taxes it and spends it, we don't get the full benefit of the technologies that we are inventing. that is why we have a percent unemployment rate, growing 2% today. if we had a smaller government, we should be growing faster and have more jobs and
FOX Business
Nov 25, 2012 1:30am EST
billion dollars this year, than it was in 2007. that's where the deficits are coming from. that's what should be talked about more than taxing people o are working their rear ends off to do better for themselves. >> i've got to tell you i don't like when warren buffett is brought into a discussion about people making $250,000. >> two different worlds. >> he's a very good business man. >> an amazing businessman, he doesn't car about taxes. >> he's not the only businessman saying it. >> it's not just the fiscal cliff coming on january 1st, more of the president's health care law is starting to kick l log on to foxnews.com. ♪ >> well, the election is over and the white house is putting out new rules for the health care law, one is telling how to reward workers for living a healthier life. so, ben, you know what? let's put aside the worry that this is going to drive up cost? isn't this more of the nancy state nonsense? >> big brother is watching you, big brother is watching you through the obama white house, through the department of health and human services and transmit that to the j
FOX Business
Nov 22, 2012 5:00pm EST
at the deficit, the debt, it all matters. and what they are doing, it's almost like a microcosm of what the federal government does. it prints it, goes into more deficit spending. that is what fema is doing. they don't have the money and they will be able to pay back the money a already zero. it is all really the same. congress needs to address this. we cannot keep on doing this, keep on bailing out fema. everything will be fine. it. melissa: we don't want to leave people who need help. are they out of money because their and our people in disaster situations? are they just bad at managing it? >> two reasons, and you mentioned them both. the first is that people build houses on flood prone areas, beaches, next to reverse. they only pay a couple hundred dollars a year for flood insurance. the taxpayer bells them out of literally and figuratively out of these floods because let's say $300 a year. they did bailed out to the tune of tens of thousands of dollars by the federal government when a disaster strikes. if you kind of sound -- well, let's look at how we do this. no, we are taxpayers
FOX Business
Nov 23, 2012 10:00am EST
deal. that is where the deficit is. it is in at $800 billion stimulus. you are looking for where the deficit comes from some saves medicare and social security. it is that need hundred billion dollars that became permanent. >> absolutely. it did. here is the shocking thing about washington. every year the politicians try out these things like tom coburn trots out his waist book every year. hundreds of billions of dollars in identified waste, waste, fraud, duplicated services and every year they get on the camera and say this is terrible and horrible we need to do some good about it and they never do anything about it and folks like john boehner who doesn't even talk about eliminating fraud and waste and duplicated services. dave: the onus is on you and the other tea party years all over the country. where is that 2,010 tea party coalition? how can it be reenergize? how can it be put into effect again? >> you will see it in 2013. what is going to happen the republicans in the house of representatives are going to cave on taxes and spending and when that happens you will see that a
FOX Business
Nov 23, 2012 3:00pm EST
's a $15 billion shortfall which has to be borrow and added to the deficit every year. naturally is part of the deficit-reduction discussions. the group supporting the attack site include state highway officials, road builders, trucking associations, the simpson-bowles planner it proposed raising the tax as well. there's another tax in the fiscal cliff and possible gas tax is not the only tax to hit the bottom line. deal or no deal, hold on to your wallet. here with more, the senior tax policy analyst for the heritage foundation. always nice to have you on the show. let's talk about the bottom line for so many people out there, it will hit so many folks, 90% of households, almost impossible to escape and create that. >> everyone's taxes will go up on january 1st. important to point out we're talking about today which is raising taxes. that is off point. the fiscal cliff is here because we're spending tooomuch. we are the precedents of the debt crisis because we're spending too much. how we can raise taxes and talk about raising the gas tax, nothing to do with cutting spending which is wh
FOX Business
Nov 26, 2012 4:00pm EST
% of the trillion dollars deficit why risk slowing down the economy, which a lot of people say might happen if you increase taxes why slow the economy for such a collectively small amount of money? >> first thought don't think it is a small amount of money. we need a balanced approach. david: uribe 2% of the deficit unfunded if you do that. >> to look at the president's budget, what he proposes is raising $1.6 trillion proposing spending cuts as well, combination of which would put us on a sustainable path in the economy in the long run. what we should avoid doing is having gridlock, not extending the middle-class tax cuts would wish on our report today is if the middle-class tax cuts are not extended that will cause consumer spending to fall by $200 billion next year. that'll be an awfully big hit to the economy. liz: to a for somebody economic council, physically says middle-class tax cuts on consumer spending, everybody spends. how do we come to this agreement, we keep hearing left the tax cuts they now warren buffett came out with an op-ed in "the new york times" say saying we should make that
FOX Business
Nov 28, 2012 12:00am EST
, melissa. you and i know this. a lot of viewers might not know, we have 5.3 trillion deficit because of one person, that is obama. he doesn't seem to change his behavioral patterns now so it is not getting any better. how could we his own budget come up with $5.3 trillion in four years and then say, now we have to somehow find $1.2 trillion for 10 years? meantime he will continue to go ahe and increase the deficit. so i don't have any faith in it. look, this morning i was on "fox & friends." i outlined a lot of alternatives we could do where we wouldn't have to raise taxes. one was, i already introduced legislation that would take care of that. we covered it at some length. but if you looked at what happened in the past, the best way to do this is get all these regulations out of the way so people can grow their own businesses. for everyone percent increase in -- everyone% increase in thatas kennedy back in the '60s. he discovered that. that wasn't republican idea. melissa: you're talking about regulation. i know you're really focused on the epa so i don't want to runut of time without aski
FOX Business
Nov 26, 2012 3:00pm EST
viewers to know you have balanced -- balanced two previous budgets if not more, you have closed deficit holes of more than 4 billion dollars. you have had success. >> we went from a 4.2 billion dollars deficit to two one time budgets with no tax increases. but we have pensions that are eating up a good portion of the budget that we're going to have to address. if all of a sudden this federal money that has been coming to the state and going down to the local communities is cut off, we're going to have to sit back and say what services can we provide and what services are going to disappear? but what concerns me more is the unemployment that it's going to create. i think the cbo has said that unemployment could go over 9%. liz: you're ahead of the national average higher actually. >> we created some tax incentives to bring the petrochemical industry, the plastics industry near that facility, that would create thousands of jobs more. we believe we could reindustrialize southwestern and western pennsylvania, if we're able to move this forward, but the economy as you know certainly can have
FOX Business
Nov 20, 2012 7:00pm EST
it will be a modest reduction in the rate of increase in spending such the we will have a $1 trillion plus deficit next year. more of the same. lou: as always. >> thank you. lou: up next to illegal immigrants wants new privileges because, i hate to tell you, it looks like pandering is contagious. imagine that. and forget susan rice. not the plot -- the biggest problem with this administration we will demonstrate to you the gaping holes in the benghazi time line and some extraordinary coincidences in the patraeus time line in the "chalk talk"e e next. fotheir annual football trip. that's double miles you can actually use. tragically, their ddy t sacked by blackouts. but it our tradition! that's roughg the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personaattention. which is why we are proud to partner with health care profess
FOX Business
Nov 20, 2012 10:00pm EST
it will be a modest reduction in the rate of increase in spending such the we will have a $1 trillion plu deficit next year. more of the same. lou: as always. >> thank you. lou: up next to illegal immigrants wants new privileges because, i hate to tell you, it looks like pandering contagious. imagine that. and forget susan rice. not the plot -- the biggest problem with this administration we will demonstrate to you the gaping holes in the benghazi time line and some xtraordinary coincidencesn the patraeus ♪ lou: benghazi, a lot of people are forgetting, pushing in out out of their mind or some organizationdon't pay attention. we will take extra time to refresh ourselves on the timeline of a cover-up. it began september 111 hour before 9:40 p.m. private securityyin benghazi in first calls for assistance came made calls on cellphones and in at precisely that time. at 11:00 p.m., unarmed drone drone arrivedo provide real-time intelligence to tripoli and washington broke 12 '07 a.m., the 12th they announced that she react claimed responsibility for the benghazi attack with devours tthey knew they had re
FOX Business
Nov 21, 2012 4:00pm EST
will not have any growth. >> look, let's be clear about this, you are running a $1 trillion deficit right now. those basically show you that you are going to get you to run 2% growth rate economy for the next decade and that is not strong enough to create the kind of employment, growth and environment economically that she wants to see. you have not seen that since the 1960s on an annualized basis. simply a function attacking the fiscal problems first. it was not until the tax cuts kicked in in 1983 that the economy really kicked off. thank you. good to see you both, have a good thanksgiving. lauren: say goodbye to the twinkie. and at least say goodbye to the twinkie right now because hostess and the union unable to agree to new labour terms. today host is back in court to wind down operations but also talks a possible buyer. thvery latest on the company's future. david: the move could have a big impact on our economy. some economists say it could be closing even more. coordinate traininhe spent yearg business joining us for an inside look. lauren: santa claus is making a list, the results of
FOX Business
Nov 21, 2012 8:00pm EST
that much about the deficit. they certainly didn't vote as if they did. when it comes to these entitlement programs, no matter what your party is and whether you agree with paul ryan or not, he did put bold initiatives to try to bring these costs down and people rejected it. i think we took a step back in the last election in terms of fixing the programs. >> having said that, a lot of people say i paid into social security and i deserve that. i don't see how medicaid can hold out. i think that's going to collapse a lot sooner than any economist we be forecast. >> there's a good reason why i agree with you. that may be the fastest entitlement program. here is the reason why. not because it's bankrupting washington, because they have been for 15 years. the reason is because it's bankrupting the state. states pay about 40% of the cost and every governor that i talk to, they say that we can't afford this anymore. it is becoming the top of our budget. i agree with you. that could be the program that we fix first. charles: ron paul is really embracing it and see if your coming up next. charles:
FOX Business
Nov 22, 2012 8:00pm EST
, you are running a deficit for the fourth year in a row and yet you can borrow money almost for nothing. so why don't you just wait another year or two years. who wants to take the fall? who wants to take the political heat if you can borrow money for five years, which is what they are doing now. neil: we are building another debt bubble? >> yes, we are doing so. >> i don't know what you call it. we've never been there before, we've never had a central bank. we've never had anything like that. >> you don't think it can walk past the graveyard much longer? >> i don't think so. i don't think we can whistle the tune very much longer. >> okay. neil: if you had a lead suit you would buy it. [laughter] neil: david, thank you so much. the president is now speaking out. that coming up next neil: probably not a fox alert to tell you that huge celebrities like democrats, they actually help the president win if you think about it. but not every star was going gaga over the president. suzanne somers says that that is a risk for them as well. if you are conservative, you are not welcome in hollywood
FOX Business
Nov 22, 2012 11:00pm EST
to a spectrum of use. what we are telling washington, you are running a deficit for the fourth year in a row and yet you can borrow money almost for nothing. so why don't you just wait another year or two years. who wants to take the fall? who wants to take the political heat if you can borrow money for five years, which is what they are doing now. neil: we are building another debt bubble? >> yes, we are doing so. >> i don't know what you call it. we've never been there before, we've never had a central bank. we've never had anything like th. >> you don't think it can walk past the graveyard mh longer? >> i don't think so. i don't think we can whistle the tune very much longer. >> okay. neil: if you had a lead suit you would buy it. [laughter] neil: david, thank you so much. the president is now speaking out. that coming up next before copd... i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function star
FOX Business
Nov 23, 2012 9:20am EST
could possibly get from increasing taxes on the rich is a billion dollars. his deficit over four years is $1 trillion every single year and that is because that $800 billion stimulus which was supposed to be a 1-shot deal has become repetitive. >> what makes matters worse is the president and these people in washington, all 535 of them inside a certain institution, they don't understand that 60% of the income in the private business world comes from folks making over $200,000 all of whom run private businesses and holes that the vessel partnerships and they get taxed at their effective personal right. people don't understand how wide this is going to be. dave: above all else what bothers me is the name. economic patriotism is the name the president used. these are called patriotic -- the idea you can send a son to work, you can pay 50% of your income in taxes and if you don't agree with taxing the rich you are unpatriotic. that -- [talking over each other] >> it is belittling and pejorative, who pay money into the system, if you pay money into the system you have skin in the game. huge
FOX Business
Nov 24, 2012 6:00am EST
capital to a spectrum of use. what we are telling washington, you are running a deficit for the fourth year in a row and yet you can borrow money almost for nothing. so why don't you just wait another year or two years. who wants to take the fall? who wants to take the political heat if you can borrow money for five years, which is what they are doing now. neil: we are building another debt bubble? >> yes, we are doing so. >> i don't know what you call it. we've never been there before, we've never had a central bank. we've never had anything like that. >> you don't think it can walk past the graveyard much longer? >> ion't think so. i don't think we can whistle the tune very much longer. >> okay. neil: if you had a lead suit you would buy it. [laughter] neil: david, thank you so much. the president is now speaking out. that coming up next [ male announcer ] you are a business pro. governor of getting it done. you knowow to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above
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